Just wanted to say thanks for doing this AMA – learned heaps today. I can see as the thread gets older so do the questions – most have been answered and a quick CTRL + F would yield the answer. If you ever get the urge to do it again I’ll be right there, drinking in the tips and suggestions. You’ve definitely changed my view of things, from the buyer’s side and I’m sorry that you’re not in the biz anymore. On the other hand, it looks like you had the good sense to get out of it before it killed your soul. Good move. Cheers, EquinsuOcha!
It’s a scam. Well, not a scam in the truest sense, but it’s an attempt to drive traffic into the dealership. As a rule, you won’t be able to buy a new car for another three to four years, depending on how long you financed it for. Maybe five. Cars depereciate, that’s just a fact of life. They’re commodities that reduce in value with use, not investments.
You now have rigid work habits with the understanding that if you’re not doing something that has to do with selling a car, you’re not making money. You find yourself looking forward to going to work and your attitude and feelings return to stage #1 permanently.
The second stage of retail evolution is driven by the recognition, again usually by smart retailers rather than manufacturers, that consumers differ in the way they want to buy and own their products. This leads to the creation of multiple formats and distribution channels, each with tailored bundles of services and associated economics. These formats can coexist with each other over time, because consumers select the format best suited to their needs. These can range from exclusive brands and very high service to minimal service, a broad selection and low prices.
Through in-house training programs: most dealerships have training programs for newly recruited staff. To qualify for such programs, you should have completed a professional training either in commercial or technical area or both, such as a vocational training as a car salesman.
The truth is that consumers shop differently than they did just five years ago. Savvy shoppers know that the best way to find the ultimate deal is to start with online research. At Potenza Auto Dealer, our design and marketing experts can make sure that consumers are being directed to your site where they can experience a hassle-free shopping experience.
These tools can help you find critical keywords to target with your blog and on-page content. They allow you to see what’s working and what’s not. These kinds of analytic tools are critical for any digital-marketing strategy.
Encourage your customers to share reviews on your social sites. Car shoppers are 90% more likely to visit your website and 5.3 more likely to visit your dealership if you have positive reviews according to a study by DealerRater and Dataium. Beyond the traditional third-party review sites, consumers are also checking reviews on social media so encourage your satisfied customers to share their great experience. Just as important, respond to negative reviews. Consumers who have had a bad experience want to be heard and prompt and swift attention will mitigate damage. Be sure you are monitoring review sites and social channels, especially during weekend hours. Negative reviews are 19% more likely to be written on a Saturday, Sunday, or Monday after a bad weekend experience and you don’t want these complaints to slip through the cracks.
11. It’s smart to ask if you can drive the car home and park it in your garage. Most dealerships will go along. Yes, I have seen people buy cars that didn’t fit their garage or parking spot. There’s no clause in the sales contract for returning a car because it doesn’t fit your garage.
Fact: The average website converts 2%. If only 1 in 50 people that walked onto you lot purchased, how effective would you say your sales people are? Customers don’t want sites that overload them with multiple calls to action, flashing images with pricing, multiple forms to fill out, etc. They want to search, click and find what they are looking for. Don’t make it difficult for your customer, they are only a click away from your competitor! Send them to the pages that are relevant to the message that drove them to the site. Otherwise, you have completely missed the point of a great user experience. Conversion rates don’t lie.
Facebook ads in particular allow precision of consumer targeting that wasn’t possible before. If there’s one important idea you take away from this article and act on right away, make it social advertising.
These types of things might seem small, but overall, they add legitimacy to your dealership. Also, consumer will be more likely to trust you since you are putting in so much effort to help them find the answers for themselves.
At the same time, radio has actually increased as a dealer advertising medium since 2012, growing from $641 million to a forecasted $746 million, according to Borrell. And despite predictions of the demise of traditional TV in a bubbling world of Internet program viewing, video-streaming over mobile phones and the rise of on-demand formats such as Netflix, Hulu and YouTube, car dealers were on track to spend $1.3 billion on TV ads in 2015, according to Borrell.
Merely having a mobile responsive website is not enough to target mobile-first buyers. Mobile apps, local search, video content and social media all present opportunities to reach mobile-first buyers on their preferred device.
Also interesting is looking at conversions to find out which campaigns ended in sales. Set this up using Goals in Google Analytics underneath the admin section. Basically, you tell Google Analytics, where do I want visitors to go? This would be a VDP page, maybe an Hours and Directions page, or a Request a Quote page.
“I have been surprised at how much spending remains in legacy media,” says Cassino, who tracks automotive marketing expenditures every year. “Even though it’s changing, and even though every year the factories spend more on digital and drag the dealers along with them, it’s clearly an arduous process to get folks to change their ways.”
We pride ourselves in being the most service-intensive agency in America. After all, we’re in the service business! Please ask our clients (and we’ll be happy to provide the names of former clients) about the level of customer service they receive from The Automotive Marketing Group’s team.
Make friends with your sales managers. These are the people that are ultimately going to help you seal the deal and they can also offer you “house deals,” which are about a third of the deals that take place at a dealership. If you’re friendly with your manager and they trust you, they’ll be able to put you on deals that are generated from the internet or from people at the dealership who know people who want to buy cars.
There are positives to buying used. Most importantly you will get more value for your dollar since somebody else took the huge hit on the initial depreciation. This hit is the largest source of lost money when buying a car. By following our used car buying guide you will learn how to avoid the common scams and pitfalls.
Those who do well in sales usually have the potential of moving up into sales management. But not all sales professionals are interested in management, and many who earn success at one dealership are recruited away to another dealership. Both advancement and landing a new job with a new employer both should mean an increase in compensation but also may yield an increase in some other factors.
Find out what you want in a car before you walk on the lot. Used cars are unique, and every single one of them is different. Test drive everything you can. Drive the new versions of the same vehicle. Compare. Narrow down what “segment” of vehicle you’re looking for (CUV, sedan, coupe, convertible, muscle car, minivan, etc). Go in informed, but truthful. Lying to the salesman just means you’re going to get shitty advice, and probably end up on the wrong car.
Try asking more directed questions like “Are you looking for a sedan or SUV today?” or “what type of vehicle can I help you find today?” Customers may still be disinterested in your help, but you have a better chance of keeping their attention and it will be much less awkward if you follow them around the showroom. This also allows customers to share their thoughts on the type of car they are looking for and allows you to match the needs of your customer with one of your vehicles.
A few related careers that require a high school diploma or equivalent include those of customer service representatives, insurance sales agents and real estate brokers and sales agents. Customer service representatives’ primary responsibility is to assist customers. They may answer questions, give customers information, help customers make an order or address any complaints. Insurance sales agents sell different types of insurance. They explain the different policies and help clients match a policy with their current needs. Real estate brokers and sales agents help people sell or buy property, such as houses. They may also help clients rent out properties.
Hello , I started for a dealership about a month ago . I believe I will succeed at this and become good at it . One problem is I’m having is some of the customers I can’t get in the building ? As its a requirement here. If I feel they will walk I’m to get a manager . By the time I get a manager an go through the hassle of them if they come out the customer may have left or has little interest at this point. At that point I’m being reminded I will be fired f customers walk off the lot without talking to a manager ? Suggestions ?
This probably depends on your credit. If you have good credit and can get a low rate, or if they are running a 0% financing deal, and you’ll be able to pay off the loan before APR kicks in, then financing is a good option. If you have no/bad credit, you could get stuck with a really high rate, which means you’ll be paying a lot more than you really should. Here’s a little math for you to do to decide how much you can finance.
And how much are we paid? Theoretically, the sky’s the limit. If you can sell 20 or 25 cars a month, and “hold gross” (make a big profit) on each of them, you can make more than six figures annually. And there are salesmen out there who have done even better than that. There are the Joe Girards — who once sold 18 cars in one day — and sales expert Grant Cardones, and people like them who make more than some CEOs. But by and large these people are the exception. Not everyone can be a Michael Jordan or a LeBron James, no matter what they say in sales meetings.
The resulting effect caused NEV sales to fall by 74.4% year on year in January 2017. The pace subsequently recovered somewhat: in the first half of 2017 sales were up by 14.4% year on year. However, this is still far from enough. According to the South China Morning Post, a Hong Kong-based newspaper owned by Alibaba, CAAM slashed its annual forecast for NEV production by 43% after the imposition of these penalties.
Get your marketing managers, back-end developers, writers, and a few salespeople into a room. Pinpoint the problems in the marketing strategy and what needs to change. Host two or three meetings with your team to find solutions and assign tasks with a deadline in place.
The process of purchasing a new or used vehicle can be a long one. There is going to be a great deal of research before making a decision on a vehicle so it is worth identifying how you can help the customer with this process.
Look for more action by the telecoms to get involved, as mobile devices will provide the missing link to V2V communications.Forward leaning metro dealers will skip the buy-online investment, and instead lay the framework for fleet management. As OEMs conspicuously move away from the retail model, committed dealers will be proactive in protecting the business they’ve worked so hard to maintain.
42. Check trade-in values at Edmunds.com before heading to the dealership. Focus on the trade-in and private-party values. The third value, “Dealer retail,” is the estimated price the dealer will ask for the car when he’s selling it. It has nothing to do with what you should expect the dealer to pay you.
Few bodyguards will actually refer to themselves as bodyguards. Moyer prefers executive protection agents, because, he says, bodyguard tends to carry a negative connotation of big, unskilled men. “There is a big group of dysfunctional people with no formal training who should not be in the industry,” he says. Sometimes, a former childhood friend can become “security,” a role they’re not likely to be qualified for. Moyer and other firms have specialized training courses, with Moyer’s taking cues from Secret Service protocols. But Moyer also cautions that agencies enlisting hyper-driven combat specialists like Navy SEALs or SWAT team members aren’t the answer, either. “SEALs like to engage and fight, destroying the bad guy. Our goal is, we don’t want to be in the same room as the bad guy.”
Do not let this number fool you however, as most do not, and those that do can easily be eclipsed salary-wise by someone selling regular cars in higher numbers at a “normal” car dealership. Plus, the latter salesmen also likely gets to take a loaner car home from time to time, where as the high end salesmen is lucky to take a model for a test drive by himself.